PNC Financial Services Group Inc. Makes New Investment in Solstice Advanced Mat $SOLS

PNC Financial Services Group Inc. bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 168,030 shares of the company’s stock, valued at approximately $8,163,000.

Other large investors also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. bought a new position in Solstice Advanced Mat during the 4th quarter worth approximately $26,000. Hoey Investments Inc. bought a new position in Solstice Advanced Mat during the 4th quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Solstice Advanced Mat during the 4th quarter worth approximately $27,000. JNBA Financial Advisors bought a new position in Solstice Advanced Mat during the 4th quarter worth approximately $29,000. Finally, Horizon Investments LLC bought a new position in Solstice Advanced Mat during the 4th quarter worth approximately $31,000.

Solstice Advanced Mat Price Performance

Shares of Solstice Advanced Mat stock opened at $81.76 on Monday. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40. The business’s 50 day simple moving average is $79.00 and its 200-day simple moving average is $65.29. The stock has a market capitalization of $12.98 billion and a price-to-earnings ratio of 91.87. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $991.00 million for the quarter, compared to analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. Equities research analysts forecast that Solstice Advanced Mat will post 2.61 earnings per share for the current year.

Solstice Advanced Mat Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio (DPR) is currently 33.71%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. UBS Group increased their target price on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Mizuho set a $80.00 price target on Solstice Advanced Mat in a research report on Friday, February 13th. Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Vertical Research cut Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a research report on Thursday, May 14th. Finally, Weiss Ratings upgraded Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $73.60.

Solstice Advanced Mat Company Profile

Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.